14:05 - 18.07.2026

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July 18, Fineko/abc.az. International credit rating agency Fitch Ratings has affirmed Turkey's Long-Term Foreign-Currency Issuer Default Rating at "BB-" with a stable outlook.

The agency highlighted that while Turkey's low public debt, large and diversified economy, and resilient banking sector support the rating, constraints remain due to high historical inflation and low external liquidity. Fitch projects that Turkey's inflation will ease to 29,5% by the end of 2026, while GDP growth is expected to cool down to 2.8% in 2026 before bouncing back to 4.4% in 2027.

Backed by tightening steps from the Central Bank, the country's gross foreign exchange reserves are forecasted to hit $167 billion by the end of 2026, with the current account deficit widening to 3% of GDP.